NYSE:RBARitchie Bros. Auctioneers Stock Price, Forecast & News

Ritchie Bros. Auctioneers' stock was trading at $37.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RBA stock has increased by 49.6% and is now trading at $55.71.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Ritchie Bros. Auctioneers is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Ritchie Bros. Auctioneers Inc (NYSE:RBA) announced its quarterly earnings data on Thursday, August, 6th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.36 by $0.18. The business services provider earned $389.05 million during the quarter, compared to the consensus estimate of $344.20 million. Ritchie Bros. Auctioneers had a net margin of 11.93% and a return on equity of 17.51%. Ritchie Bros. Auctioneers's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS.
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Ritchie Bros. Auctioneers announced a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.20 per share on Wednesday, June 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, May 26th.
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11 brokers have issued 1 year price objectives for Ritchie Bros. Auctioneers' shares. Their forecasts range from $36.00 to $50.00. On average, they anticipate Ritchie Bros. Auctioneers' stock price to reach $42.44 in the next twelve months. This suggests that the stock has a possible downside of 23.8%.
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Media coverage about RBA stock has been trending very positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ritchie Bros. Auctioneers earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.
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Ritchie Bros. Auctioneers saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,600,000 shares, an increase of 28.0% from the June 30th total of 1,250,000 shares. Based on an average daily trading volume, of 541,400 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.5% of the shares of the stock are sold short.
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Some companies that are related to Ritchie Bros. Auctioneers include FleetCor Technologies (FLT), Akamai Technologies (AKAM), Zillow Group (Z), Zillow Group (ZG), Etsy (ETSY), Broadridge Financial Solutions (BR), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Fair Isaac (FICO), The Western Union (WU), LYFT (LYFT), Farfetch (FTCH), WEX (WEX), GrubHub (GRUB) and CDK Global (CDK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ritchie Bros. Auctioneers investors own include Ship Finance International (SFL), Verizon Communications (VZ), Gilead Sciences (GILD), QUALCOMM (QCOM), Alibaba Group (BABA), Walt Disney (DIS), Home Depot (HD), NVIDIA (NVDA), Moody's (MCO) and Target (TGT).

Ritchie Bros. Auctioneers trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBA."

Ritchie Bros. Auctioneers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (3.24%), GW&K Investment Management LLC (1.80%), Marathon Asset Management LLP (1.29%), Palisade Capital Management LLC NJ (0.66%), Swiss National Bank (0.44%) and Sumitomo Mitsui Trust Holdings Inc. (0.34%). Company insiders that own Ritchie Bros. Auctioneers stock include Darren Jeffrey Watt, Edward Baltazar Pitoniak, James J Jeter, Karl William Werner, Kieran Colquhoun Holm and Todd Donald Wohler.
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RBA stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Capco Asset Management LLC, CWM LLC, GW&K Investment Management LLC, Granite Investment Partners LLC, New York State Common Retirement Fund, RMB Capital Management LLC, and US Bancorp DE. Company insiders that have sold Ritchie Bros. Auctioneers company stock in the last year include Darren Jeffrey Watt, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, and Todd Donald Wohler.
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RBA stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Assenagon Asset Management S.A., Mn Services Vermogensbeheer B.V., Zurcher Kantonalbank Zurich Cantonalbank, Riverbridge Partners LLC, Andra AP fonden, and Envestnet Asset Management Inc..
View insider buying and selling activity for Ritchie Bros. Auctioneers.

Shares of RBA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RBA stock can currently be purchased for approximately $55.71.

Ritchie Bros. Auctioneers has a market capitalization of $6.03 billion and generates $1.32 billion in revenue each year. The business services provider earns $149.04 million in net income (profit) each year or $1.33 on an earnings per share basis. Ritchie Bros. Auctioneers employs 2,400 workers across the globe.

The official website for Ritchie Bros. Auctioneers is www.rbauction.com.

Ritchie Bros. Auctioneers' mailing address is 9500 GLENLYON PARKWAY, BURNABY A1, V5J 0C6. The business services provider can be reached via phone at 778-331-5500 or via email at [email protected]